Zillow: Starter home values growing at twice the pace of higher-end market

A 9% drop in starter home inventory combined with an 8% year-over-year rise in home values has resulted in an environment of stiff competition and bidding wars.

By Kim Slowey • June 27, 2016

20 hottest housing markets in June

Realtor.com Chief Economist Jonathan Smoke said pent-up demand and low inventory continued to push home prices higher this month.

By Kim Slowey • June 24, 2016

New home sales slide 6%, offer reprieve from April's 'unsustainable' level

Despite last month's dip, May's rate of new single-family sales was still 8.7% above May 2015.

By Emily Peiffer • June 23, 2016

Report: Housing failing to meet demand; rents pricing lower-income families out of market

According to a Harvard Joint Center for Housing Studies report, the number of U.S. households that pay more than 30% of their incomes on rent has risen to 40 million.

By Kim Slowey • June 23, 2016

Seattle building boom reaches record-breaking pace with $3.5B in new construction underway

The city currently has 65 major projects under construction downtown, and approximately two-thirds of those are residential.

By Kim Slowey • June 23, 2016

AIA: Demand for architecture services 'solid across the board'

The Architectural Billings Index surged to its highest level in almost a year and has remained in positive territory for four consecutive months.

By Emily Peiffer • June 22, 2016

Existing home sales rise to fastest pace in 9 years; median sales price reaches all-time high

The NAR said the record-high price is the result of tight inventory, as there is "a glaring need" for new home construction.

By Emily Peiffer • June 22, 2016

ABC: Construction backlog for largest US contractors soars to record-breaking pace

While nationally, the largest nonresidential contractors are experiencing backlogs as high as 12 months, the Southern region hit a new backlog high of 10 months.

By Kim Slowey • June 22, 2016

Housing crisis not over for US minorities

Housing advocates say minorities were hit harder in the housing crash, and those circumstances have knocked a good deal of the minority population into rentals.

By Kim Slowey • June 21, 2016

AGC: 'Only a matter of time' before construction labor shortage cripples broader US economy

The fact that only 19 states added construction jobs in May signals that talent shortages are impacting growth in the building industry.

By Kim Slowey • June 20, 2016

Urban Institute: Only 6 homes built per 10 new households

The organization said governments at all levels need policy changes to encourage new construction, boost lending and make rents more affordable.

By Kim Slowey • June 20, 2016

Housing starts plateau in May — but single-family construction inches up

Despite the slight slide in new residential construction, May's bump in building permits signals that the market will continue to gain momentum.

By Emily Peiffer • June 17, 2016

Homebuilder confidence breaks stagnant trend with 2-point rise in June

All three elements within the NAHB/Wells Fargo HMI increased, with sales expectations for the next six months surging five points.

By Emily Peiffer • June 16, 2016

Report: Global infrastructure faces $350B annual shortfall, but major nations are slashing spending

The McKinsey Global Institute said new infrastructure can serve as a way to "jolt" some struggling economies back into growth.

By Kim Slowey • June 16, 2016

San Antonio, Nashville top Zillow homeownership 'sweet spots' list

The top housing markets on the list have a short "breakeven horizon," as well as rising income and job growth.

By Kim Slowey • June 16, 2016

ABC: Construction material prices continue climbing as cost bump 'had to happen'

May marked the third consecutive month of increases in construction industry inputs in the Producer Price Index.

By Emily Peiffer • June 15, 2016

Plunging oil prices slam the brakes on 35-acre TX mixed-use project

The price drop has resulted in empty office space and plummeting demand for new development in Houston's "Energy Corridor."

By Kim Slowey • June 15, 2016

NAR survey: 71% of potential homebuyers with student debt sidelined from market

Of those who said homeownership was out of reach because of student debt, more than 50% said a home purchase would be delayed by more than five years.

By Kim Slowey • June 14, 2016

NAHB: Number of unfilled construction jobs remains high at 200K

The consistently high figure coincides with a January survery in which builders said their primary concern in 2016 was finding enough skilled workers.

By Kim Slowey • June 13, 2016

NC, VA planning $1B, 213-mile interstate highway

The 20-year project has local, state and federal support, but officials have not yet determined a timeline for construction or a funding plan.

By Kim Slowey • June 13, 2016

5 most overvalued and undervalued US housing markets

Analysts from Fitch Ratings U.S. RMBS group said this valuation of housing markets was largely reliant on each city's job market, according to Forbes.

By Kim Slowey • June 10, 2016

Redfin survey: 27% of homebuyers believe presidential election could hurt housing market

However, the real estate firm noted that regardless of the winner, it is unlikely there would be an immediate impact on the market after the election.

By Kim Slowey • June 8, 2016

Report: NYC banked $61B in economic benefit from 2015 construction activity

The New York Building Congress also reported that construction in the city last year created more than 300,000 construction and ancillary jobs.

By Kim Slowey • June 8, 2016

Economic slowdown in Bay Area triggers 'cooling of a desperately overheated' luxury market

A report found the slowdown in San Francisco's startup and IPO market — as well as the area's first employment dip in six years — is starting to hit homeowners.

By Kim Slowey • June 8, 2016

Commercial construction planning drives 2.4% rise in Dodge Momentum Index

May's strong uptick in commercial planning made up for a disappointing 3.4% slide in the institutional category.

By Kim Slowey • June 8, 2016